Proof of funds - Letter of credit - Posted by mei122@aol.com

Posted by rick e. moore on April 05, 2008 at 11:08:08:

We have a network of bird dogs sending us leads on properties at http://bmorehouses.teamworkprogram.com.

We need to be in a position to close quickly when the numbers are right.

Proof of funds - Letter of credit - Posted by mei122@aol.com

Posted by mei122@aol.com on August 22, 2007 at 17:54:28:

I want to wholesale flip pre-foreclosures. When making offers to banks to either sell the property short or discount the note, the lender may require proof of funds or a letter of credit. What if I find someone who will be willing to “lend” me money or say that they will be willing to lend me money thru a letter of credit so that I can tie up the property and then flip it. I will pay the “lender” 2-3 points for the use of the letter. Is this feasible? What paperwork will I need to make the transaction as arms-length as possible yet still control the transaction? Any suggestions and/or advice would be greatly appreciaated.

Re: Proof of funds - Letter of credit - Posted by Elaine Simon

Posted by Elaine Simon on April 27, 2009 at 13:34:40:

I need proof of lettler to
do bank own property. I’m Investor.
please send information on how you can help.
Elaine